Claim adjustment expense definition

Claim adjustment expense means expenses, other than claim payments, incurred in the course of investigating and settling claims.
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Claim adjustment expense means expenses, other than claim pay- ments, incurred in the course of investigating and settling claims.
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Claim adjustment expense means expenses, other
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Examples of Claim adjustment expense in a sentence

  • Claim adjustment expense reserves represent the estimated expenses that will be required to settle these claims.

  • Claim adjustment expense reserves represent the estimated expenses relating to settling of these claims.

  • Claim adjustment expense is commonly referred to as loss adjustment expense (LAE).

  • Case reserves include an estimate for each reported claim based on the undiscounted jury verdict value of said claim.(5) "Claim adjustment expense" means expenses, other than claim payments, incurred in the course of investigating and settling claims.

  • However, during this period the number of working age people is expected to decline steadily and of older people to increase.

  • Claim adjustment expense reserves represent the estimated expenses relating to the settlement of these claims.

Related to Claim adjustment expense

  • Adjustment Escrow Amount means $2,000,000.

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Claim Amount means the amount calculated in accordance with Section 6.2 of this Policy.

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Final Adjustment Amount shall have the meaning set forth in Section 2.5(e).

  • Estimated Adjustment Amount has the meaning set forth in Section 2.8(a).

  • Post-Closing Adjustment Amount shall have the meaning set forth in Section 2.4(a).

  • management expense ratio means the total fees and expenses a fund paid during a year divided by its average assets for that year.

  • Covered Expense means expense incurred only for the following:

  • Consolidated Working Capital Adjustment means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.